topic Re: Amex Blue Business Cash Approval / Getting off AMEX Blacklist DP in Business Credit

Amex Blue Business Cash Approval / Getting off AMEX Blacklist DP

boulderer — Mon, 26 Sep 2022 04:04:47 GMT

Instant approval for 5k limit, 64k income, 705 experian (which is what they pulled), 8% util, thick/aged/dirty profile, applied as sole proprietor (legitimately have a sole proprietorship as my main income, but wasn't asked for any proof).

What makes this worthy of sharing with y'all is the fact that I had an amex charge off for around 9.5k in 2016, settled for less than full in june 2020, which is all still on my report, and of course undoubtedly will live on much longer in amex internal files. since then i have rebuilt back into the 700s, have a bunch of credit cards and an auto loan all in good standing. still waiting for this and one other charge off to fall off, so score is still held down by that.

i've seen some very long blacklist timelines but this is definitely on the shorter end, especially since i settled.

not sure if it matters in some way, but i did take the initiative to reach out to them to settle it, and i had been a customer since 2007. they offered me either a $4300 settlement or pay in full and get the optima card + membership back. glad i chose the settlement and saved 5k because 2 years is not that long of a wait.

fwiw, i did check the prequalify tool first and it showed a few personal cards but not the BBC, and i had read that if you are on the blacklist it won't even do a HP, so i figured why not give it a shot.

also not sure if i've ever seen anyone else get a business card as their first card off the blacklist but might be valuable info for someone like me who wants to keep their 5/24 number in check.

Re: Amex Blue Business Cash Approval / Getting off AMEX Blacklist DP

OmarGB9 — Mon, 26 Sep 2022 05:22:53 GMT

Congratulations! I'm not sure if the BL applies to business cards too, since they're, well, business cards.

Also, with Amex's new prequal page, the "no HP if on BL" no longer applies, as Amex won't HP at all regardless until you accept the offer (if approved, of course).

Re: Amex Blue Business Cash Approval / Getting off AMEX Blacklist DP

boulderer — Mon, 26 Sep 2022 06:32:08 GMT

@OmarGB9 wrote:
Congratulations! I'm not sure if the BL applies to business cards too, since they're, well, business cards.

Also, with Amex's new prequal page, the "no HP if on BL" no longer applies, as Amex won't HP at all regardless until you accept the offer (if approved, of course).

ah, good to know about the prequal, that's a very nice feature.

i would imagine the BL applies to business cards, considering they are personally guaranteed and at least in my case i applied with my name and SSN, and not an LLC and EIN.

it would be interesting to know if the BL applies to corporate cards though, like the kind your employer issues and guarantees.

Re: Amex Blue Business Cash Approval / Getting off AMEX Blacklist DP

babygirl1256 — Mon, 26 Sep 2022 07:12:49 GMT

Congrats on your Amex Blue Business Cash approval.

Re: Amex Blue Business Cash Approval / Getting off AMEX Blacklist DP

Jeffster1 — Mon, 26 Sep 2022 07:33:08 GMT

I also believe I read that fhe BL does not apply to applications for Amex Business cards.

Congrats, regardless!

Re: Amex Blue Business Cash Approval / Getting off AMEX Blacklist DP

SouthJamaica — Mon, 26 Sep 2022 21:35:05 GMT

@boulderer wrote:
Instant approval for 5k limit, 64k income, 705 experian (which is what they pulled), 8% util, thick/aged/dirty profile, applied as sole proprietor (legitimately have a sole proprietorship as my main income, but wasn't asked for any proof).

What makes this worthy of sharing with y'all is the fact that I had an amex charge off for around 9.5k in 2016, settled for less than full in june 2020, which is all still on my report, and of course undoubtedly will live on much longer in amex internal files. since then i have rebuilt back into the 700s, have a bunch of credit cards and an auto loan all in good standing. still waiting for this and one other charge off to fall off, so score is still held down by that.

i've seen some very long blacklist timelines but this is definitely on the shorter end, especially since i settled.
not sure if it matters in some way, but i did take the initiative to reach out to them to settle it, and i had been a customer since 2007. they offered me either a $4300 settlement or pay in full and get the optima card + membership back. glad i chose the settlement and saved 5k because 2 years is not that long of a wait.

fwiw, i did check the prequalify tool first and it showed a few personal cards but not the BBC, and i had read that if you are on the blacklist it won't even do a HP, so i figured why not give it a shot.

also not sure if i've ever seen anyone else get a business card as their first card off the blacklist but might be valuable info for someone like me who wants to keep their 5/24 number in check.

Congratulations. It's a great card.

Re: Amex Blue Business Cash Approval / Getting off AMEX Blacklist DP

cashorcharge — Wed, 28 Sep 2022 15:01:55 GMT

That's terrific! Congratulations on your approval!!!🎉🍾🥂